Emap required to sell ABI.

0 Comments | M2 Presswire, January, 2005

M2 PRESSWIRE-26 January 2005-UK Government: Emap required to sell ABI(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:01262005 The Competition Commission (CC) has formally concluded that the acquisition by Emap plc (Emap) of ABI Building Data Limited (ABI), completed last year, can be expected to result in a substantial lessening of competition.

As a result, Emap will be required to sell the ABI business. The CC today publishes its final report on the inquiry, which confirms the verdict made in its provisional findings report, published in November, that the merger is likely to result in a substantial lessening of competition in the market for the supply of construction project information and contact data (PICD) in the UK. Both Emap, through its subsidiary...